Skip to main content

About your Search

Search Results 0 to 2 of about 3
Dec 7, 2012 12:00pm PST
agree. i think that the fiscal cliff and it is a cliff, on january 1 withholding taxes go up to the tune of $400 billion. >> not necessarily. >> it would have a very negative effect on the economy. according to the legislation they would, jared. >> they would not. >> jared, you have to -- >> let me make a point. the treasury secretary can decide if he or she believes a deal sl imminent not to adjust withholding tables. very important. >> i'm talking about no deal and we go off the cliff. >> we go off and stay off. >> it's $400 billion. we have a lot of things to do with regard to our debt ceiling, and my feeling is no one really believes the united states of america is going to default on its debt even if it lapses. we're dealing with different things. one is real and substantive and the other is psychological. >> i really disagree. >> i know you do. >> we could have a good discussion about this if we had more time. the idea that if the debt ceiling lapses, peter, that means that we can no longer borrow from credit markets and can't finance our debt. >> we're doing most of our borrowing
Dec 12, 2012 12:00pm PST
if it means diving over or sliding down the fiscal sloping cliff thing and apparently 3% said neither. i'm not really sure that's an option. it does kind of make sense. it looked like we were on the cusp of a compromise and we have this. >> i remained the most optimistic person in the town, but we have serious differences. the president and i have frank conversation about how far apart we are. >> one step forward and two steps back. the latest dueling counteroffers, the white house lowered tax revenue target from 1.6 trillion down to 1.4 trillion and increased cuts by $200 billion to which the gop responded by having the plan we thought looked similar to the original offer. that was helpful. let's go on where we are with the fiscal cliff. i am becoming increasingly pessimistic that we are going have a deal done by january 1st. i don't think that's the end of the world, but basically democrats and republicans are living in two realities right now. democrats feel like we won an election and we are holding ought will cards. we don't have to compromise and want to compromise. republicans
Dec 11, 2012 12:00pm PST
a lot of worry and a lot of concern about what happens if we go over the fiscal cliff, curb, slope, whatever. maybe it's not optimal but it's way better than a bad deal and i think i can't see getting a serious deal done before the holidays. if you talk about all of the intricate things that wonks on both sides maybe could agree, i'm not sure i would agree to any of them, they're so complicated. senator durbin made this point. maybe you force changes on medicare or social security, i hope not but if you do, you can't do that in ten days or five business days or whatever it is. these things take a lot of time and so for the president to -- for democrats to agree to sort of kick the can, extend the tax cuts for another period of time is crazy. they hold all of the cards in this particular game and they should demand that republicans show their cards and make some concrete proposals. >> well, joan, speaking of democrats holding the cards, one of the things that people have been it on pointing out the leverage democrats have is debt ceiling and another hostage situation like we had in
Search Results 0 to 2 of about 3